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Required information [The following information applies to the questions displayed below) The Miller Company earned $125,000 of revenue on account during Year 1. There was

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Required information [The following information applies to the questions displayed below) The Miller Company earned $125,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1. Miller collected $83,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. What is the amount of uncollectible accounts expense that will be recognized on the Year 1 income statement

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